White House blocks Broadcom's proposed purchase of Qualcomm

Qualcomm is the leader in wireless chips for today's LTE networks, and is the main American company with a voice in the standards for 5G, the next generation of wireless technology.

Broadcom is actually made up of two companies. Singapore-based Avago acquired the original Broadcom and took on its name. They make chips used in wireless and other networks. Broadcom announced at the end of last year that it would look to relocate its headquarters to the U.S.